Ag Growth International Inc. (TSE:AFN) to Issue $0.15 Quarterly Dividend

Ag Growth International Inc. (TSE:AFN) announced a quarterly dividend on Monday, March 31st, TickerTech Dividends reports. Stockholders of record on Tuesday, April 15th will be paid a dividend of 0.15 per share on Tuesday, April 15th. This represents a $0.60 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend is Monday, March 31st.

Ag Growth International Price Performance

TSE:AFN traded down C$0.30 during mid-day trading on Friday, hitting C$34.76. 158,651 shares of the stock traded hands, compared to its average volume of 113,755. The business’s 50-day moving average price is C$37.10 and its 200 day moving average price is C$46.46. The company has a quick ratio of 0.84, a current ratio of 1.41 and a debt-to-equity ratio of 277.31. The company has a market cap of C$664.36 million, a PE ratio of 27.75, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29. Ag Growth International has a 12-month low of C$31.60 and a 12-month high of C$64.31.

Insider Buying and Selling

In other Ag Growth International news, Director Anne De Greef-Safft bought 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average price of C$36.99 per share, for a total transaction of C$73,985.00. Also, Senior Officer Paul David Householder purchased 4,000 shares of the business’s stock in a transaction on Friday, March 7th. The shares were acquired at an average price of C$36.01 per share, with a total value of C$144,040.00. Insiders bought 12,000 shares of company stock worth $436,101 in the last quarter. 1.06% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Desjardins reduced their price target on shares of Ag Growth International from C$57.00 to C$49.00 and set a “buy” rating for the company in a research report on Friday, March 7th. Royal Bank of Canada reduced their target price on Ag Growth International from C$45.00 to C$40.00 and set a “sector perform” rating for the company in a research report on Friday, March 7th. Raymond James raised Ag Growth International from a “market perform” rating to an “outperform” rating and lowered their price target for the company from C$52.00 to C$47.00 in a report on Friday, March 7th. National Bankshares cut their price objective on Ag Growth International from C$55.00 to C$51.00 and set an “outperform” rating for the company in a report on Friday, March 7th. Finally, CIBC lowered their target price on shares of Ag Growth International from C$56.00 to C$48.00 and set an “outperform” rating on the stock in a research note on Friday, March 7th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Ag Growth International presently has a consensus rating of “Moderate Buy” and a consensus target price of C$50.25.

About Ag Growth International

Ag Growth International Inc, together with its subsidiaries, manufactures and sells equipment for the agriculture industry in Canada, the United States, and internationally. It operates through Farm and Commercial segments. The company offers grain, bolted, hopper, and smooth wall bins; temporary storage; unloads and sweeps systems; water tanks; secondary containment systems; fuel tanks; and storage accessories, as well as mixed flow dryers; fans and heaters; aeration products; vents and exhausters; and stirring systems.